“These Are Not Laundromat Tokens” — The End of The Crypto Wild West
Too Long; Didn't ReadGary Gensler, Chair of the SEC, compared the state of cryptocurrency to. The wild west of crypto, as we know it, is coming to an end. The majority of crypto can be classified as securities for the sole reason that most people expect some sort of return on their initial investment in the coin. It’s safe to assume that we may see some changes in how we buy crypto — as well as what cryptos are able to be successfully registered as securities. The SEC has been onto this for a while.